Aetna Scoops Up PE-Backed UK Insurer InterGlobal

Law360, New York (November 25, 2013, 11:44 AM EST) -- Aetna Inc. will pick up U.K.-based insurer InterGlobal from London private equity firm Alchemy Partners LLP in a move to expand its reach in international private medical insurance, particularly in the Middle East, Asia and Africa, the health insurer said Monday.

The financial terms of the deal were not disclosed; however, Aetna said in a statement that the acquisition will be financed with "available resources" and will not affect the company's financial results in 2014.

Aetna Chairman, CEO and President Mark Bertolini said the purchase will...
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